How Texas Real Estate Won Big On Election Day
The November 7 election was a great example of the many ways Texas REALTORS® engage at the state and local level.
Prop 2 Overwhelmingly Approved
Thanks to the efforts of Texas REALTORS® across the state, Proposition 2 passed with 68.6% voter approval!
The new law will update the home equity lending provisions in the Texas Constitution, allowing more homeowners to access smaller loans.
This amendment will take effect Jan. 1, 2018 and will apply to new home equity loans made on or after the effective date and to existing home equity loans that are refinanced on or after the effective date.
Texas REALTORS® fought hard for this constitutional amendment from beginning to end. The Public Policy Subcommittees discussed the issue last year before the legislative session, and TAR’s Executive Board agreed to make it one of TAR’s priorities for the 85th Texas Legislature.
Then, Texas REALTORS® were strong advocates for the legislation during session, extolling its virtues one-on-one with lawmakers during REALTOR® Day at the Texas Capitol. Finally, Texas REALTORS® worked tirelessly getting the word out to support Prop 2 on the ballot.
All of these efforts lead to another great win on behalf of Texas homeowners!
“WAY TO GO TEXAS REALTORS”
“How Texas Real Estate Won Big On Election Day” Was provided by Art Di Segna, a recognized leader in his field. Art can be contacted via email at Art@FineHomesOfTexas.com by phone at (281) 415-5888 or Contact Me. Art has helped hundreds of people move in and around many Houston towns for the last 14+ years.
I specialize in working with buyers in the following areas: Houston, Spring, Cypress, Tomball, Magnolia, Conroe, Huntsville, Point Blank, Lake Livingston area, Onalaska, Cape Royale, Cold Spring, Blanchard, Trinity, Woodville Texas